Funding you earn now, next payment 04:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against BloFin−0.334%94s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.595% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.334%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.307% cheaper against BloFin than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.027%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin FORM-USDT | 0.3292 | 0.0157 | pay 0.0078% / 4h | 49m 36s | $992K | $386K | 50x |
| Short | MEXC FORM_USDT | 0.3281 | 0.0100 | get 0.0050% / 4h | 49m 36s | $1.6M | $9.3M | 100x |
BloFin FORM-USDT
MEXC FORM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.94
- Price spread: −0.334% → −0.027%
- −$30.75
- Slippage, 4 orders
- −$43.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$102.19
- Costs to cover
- 0.595%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 8 min ago; MEXC: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 8 min ago | 10.68 bp | 22.3 bp −$22 | 70.4 bp −$704 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.54 bp | 8.5 bp −$9 | 56.3 bp −$563 | 285.5 bp −$28.5K | doesn't fit |
FORM on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FORM/USD | L −0.0007% / S +0.0008% | 1h | 0.3284 | −0.238% | — | — | — | as long as short |
| Aster FORMUSDT | +0.0100% | 4h | 0.3283 | −0.259% | $42K | $968K | 5x | as long as short |
| Binance FORMUSDT | +0.0100% | 4h | 0.3281 | −0.334% | $17.1M | $161.6M | 50x | as long as short |
| Gate FORM_USDT | +0.0100% | 4h | 0.3278 | −0.425% | $707K | $4.8M | 50x | as long as short |
| MEXC FORM_USDTshort | +0.0100% | 4h | 0.3281 | −0.334% | $1.6M | $9.3M | 100x | |
| Bitget FORMUSDT | +0.0100% | 4h | 0.3277 | −0.456% | $1.1M | $9.7M | 50x | as long as short |
| BloFin FORM-USDTlong | +0.0157% | 4h | 0.3292 | long leg | $992K | $386K | 50x | |
| KuCoin FORMUSDTM | +0.0230% | 4h | 0.3278 | −0.425% | $338K | $1.4M | 30x | as long as short |
| Bybit FORMUSDT | +0.0386% | 4h | 0.3280 | −0.368% | $2.2M | $13.5M | 20x | as long as short |
| BingX FORM-USDT | +0.0420% | 4h | 0.3279 | −0.395% | — | $3.8M | — | as long as short |
gTrade (Gains Network) FORM/USD
Aster FORMUSDT
Binance FORMUSDT
Gate FORM_USDT
Bitget FORMUSDT
KuCoin FORMUSDTM
Bybit FORMUSDT
BingX FORM-USDT